What's the correct double entry for the following transaction: We are owed $320 by B. Langley. He

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What's the correct double entry for the following transaction: We are owed $320 by B. Langley. He is declared bankrupt and we received $51 in full settlement of the debt. 0 . Dr. Bad Debt $51 Cr. B. Langley $51 O b. . O d. O e. Dr. Cash $51 Dr. Bad Debt $269 Dr. Cash $320 Cr. B Langley $320 Dr. B. Langley $320 Cr. B. Langley $320 Cr. Bad Debt 320 Dr. B. Langley $320 Cr. Bad Debt $269 Cr. Cash 51

Posted Date: May 18, 2024 08:06 AM

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What's the correct double entry for the following transaction: We are owed $320 by B. Langley. He

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